Global news and information firm Reuters Group is shifting almost all of its London staff to a new headquarters in the city's docklands and selling its historic Fleet Street building.
Reuters said it was consolidating its London office space, spread across 10 buildings, and almost all of its 3,000 London staff into a building at Canary Wharf, a second financial district on the banks of the Thames river, to cut costs.
The new headquarters is on an estate developed by Canary Wharf Group which is offering attractive terms to new tenants as it confronts rising vacancies and big job layoffs among its clients in the financial services industry.
As part of the deal, Reuters will sell up and quit its old headquarters at 85 Fleet Street and a building next door to it for £32.3m. It is one of the very last news groups to move out of the former home of British journalism - now a bastion for bankers and lawyers.
Reuters said the sale of its Fleet Street offices would cut property costs by around £5m a year, though the company will lease back Fleet Street until the move.
